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Expertise, gender, and equilibrium play

journal contribution
posted on 2023-07-20, 06:02 authored by Romain GauriotRomain Gauriot, Lionel Page, John Wooders
Mixed‐strategy Nash equilibrium is the cornerstone of our understanding of strategic situations that require decision makers to be unpredictable. Using data from nearly half a million serves over 3000 tennis matches, and data on player rankings from the ATP and WTA, we examine whether the behavior of professional tennis players is consistent with equilibrium. We find that win rates conform remarkably closely to the theory for men, but conform somewhat less neatly for women. We show that the behavior in the field of more highly ranked (i.e., better) players conforms more closely to theory. We show that the statistical tests used in the prior related literature are not valid for large samples like ours; we develop a novel statistical test that is valid and show, via Monte Carlo simulations, that it is more powerful against the alternative that receivers follows a nonequilibrium mixture.

History

Journal

Quantitative Economics

Volume

14

Pagination

981-1020

Location

New Haven, Ct.

ISSN

1759-7323

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Issue

3

Publisher

Econometric Society

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